UAE Free Zones

UAE is the second largest Arab economy. And UAEs foreign policy geared towards creating greater commercial opportunities with various partners.

Setting up a company in one of the numerous UAE Free Trade Zones (FTZs) can be an attractive option for foreign investors and businesses alike. Infact All seven Emirates already have and are developing more such economic zones. All because free zones contribute and stimulate the economy by attracting foreign direct investment, generating thousands of jobs, stimulating non-oil exports, encouraging the setting up of ancillary industries, and helping in the transfer of knowledge, expertise and technology to United Arab Emirates.

The exceptions are free zones, where foreign companies can have 100 per cent ownership. The general incentives offered by the UAE Free Zones are more or less the same. All grant up to 100% foreign ownership, complete exemption of taxes from customs & commercial levies, full repatriation of capital & profits, & extended leases. They also have a minimum of red tape & quick approval procedures. Thus, keeping the engine of industrial diversification rolling by attracting a foreign investment in the private sector is central to the region’s overall plan to reduce its economic dependence on oil, while creating employment for its nationals.

The major advantages in operating in a free zone are:

100% foreign ownership of the enterprise

100% import and export tax exemptions

100% repatriation of capital and profits

No corporate taxes for 15 years, and can be renewed for an additional 15 years

No personal income taxes

Less documentation, mostly in English

Assistance with labour recruitment, and additional support services such as sponsorship and housing.

The UAE has become an important destination for investment and this is
due to the Free Zones. From start to finish Universal Consultants JLT will work with you to handle your free zone company formation.

We give strategic inputs, help you evaluate and select free zones, work with you on your business plan, handle paperwork and documentation
formalities.